The manager of Elite Commercial REIT reported distribution per unit of 2.49 pence (4.53 cents) for the 2HFY2020 ended December, some 2.9% higher than its forecast of 2.42 pence.

This brings FY2020 DPU – from the period of Feb 6, 2020, to Dec 31, 2020 – to 4.44 pence, or 2.3% higher than its forecast of 4.34 pence.

Distributable income for 2HFY2020 stood 2.9% higher than forecast at £8.34 million, while FY2020 distributable income was 2.1% higher than forecast at £14.8 million.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook